Southeast Asian ride-hailing and food delivery giant Grab Holdings is acquiring digital investment platform Stash Financial, broadening its financial services footprint as the superapp becomes profitable.

Under the cash-and-stock deal, Grab will buy U.S.-based Stash in two tranches. It will acquire 50.1% of the company based on an enterprise value of $425 million, while the remaining stake will be bought based on fair market value in the next three years, the Singapore-based company said in a statement. The transaction is expected to be........

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